Fortive (FTV) Gets a Hold Rating from RBC Capital

By Carrie Williams

RBC Capital analyst Deane Dray maintained a Hold rating on Fortive (FTVResearch Report) today and set a price target of $79.00. The company’s shares closed last Monday at $76.35.

According to, Dray is a 4-star analyst with an average return of 4.8% and a 56.1% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.

Fortive has an analyst consensus of Moderate Buy, with a price target consensus of $81.25, implying a 6.0% upside from current levels. In a report issued on December 11, Rosenblatt Securities also reiterated a Hold rating on the stock with a $77.00 price target.

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Based on Fortive’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.86 billion and net profit of $207 million. In comparison, last year the company had a net profit of $245 million.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTV in relation to earlier this year.

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Fortive Corp. is a diversified industrial growth company, which designs, develops, manufactures, and markets professional and engineered products, software, and services for a variety of end markets. It operates through the following two segments: Professional Instrumentation and Industrial Technologies.